Sound familiar?
Regular readers know that I have linked on several occasions over to BDP at AnkleBitingPundits, who is doing a great job studying the public employee pension fund problems in several different states. It is an important issue that bears watching, as NH is careening towards a crackup with its system as well. Every taxpayer ought to pay close attention, as every "solution" that gets floated ultimately means removing even more bucks from property taxpayers' wallets. BDP writes about the politicians who seem unable and unwilling to find a fix...
I mean, really, how hard is it to see there’s a huge fiscal crisis upon you, yet not do anything to change the situation that led to the crisis in the first place? Is it really that difficult to understand that the state’s long-term debt burden would be eased by switching to a defined-contribution plan?.What’s worse the legislature is also considering bills to “bail out” the pension fund. That means “raise taxes”. And doesn’t it occur to these morons that the system has to be “bailed out” because the state can’t afford the benefits?
No, he's not talking about NH. No, this time it's Montana. Click here to read the entire post. Click here to read prior thoughts on the topic. New Hampshire isn't the only state with do-nothing pols that refuse to solve the real issues of the day...
